Oil prices fell on Thursday, extending losses amid signs of rising supplies from the United States and concerns about falling energy demand from Asia.
Brent crude futures fell 28 cents to $80.90 a barrel, while U.S. West Texas Intermediate crude fell 31 cents to $76.35 a barrel.
The two benchmark crude fell more than 1.5 percent in the previous session, and U.S. crude inventories rose 3.6 million barrels last week to 421.9 million barrels, according to the U.S. Energy Information Administration, far exceeding analysts' expectations in a Reuters poll of an increase of 1.8 million barrels.
Source (Al-Arabiya.net Website, Edited)
